Saturday, March 16, 2013 8:31:30 AM
Rick,
Would you suggest there has been no consideration as between the parties? I am not an attorney, however, if there was a tender of shares of Alluvia by Amarant to Medinah, and Medinah accepted such as partial payment, deposit, consideration may have taken affect.
If there was consideration, I say if, then I would think title is already in Amarant's name. Again, unless there was an agreement to the terms of title delivery that is not affected by the delivery of the shares of Alluvia, then I would think Amarant has title, subject to specific performance of Amarant's duties is the way I would think the agreement is structured.
But clearly, while who has title/ownership is important and critical to assess, as you say JJ et al dodged several bullets again, and again and again.
For instance, what happened to the payment for the nine million shares of Alluvia that was put back to Amarant, namely $5.4M? as I recall.
Why is this update so woefully absent re the issues that have not been fully resolved as of yet?
I had projected in late 2012 that not much would be happening with Medinah until spring of this year, end of Q1 as I waged. Sure enough, if in fact when the Alluvia shares do start trading, and the value of the shares of Alluvia do hold per the assumed earlier share price, then maybe we should have some reason to believe that Medinah may be receiving cash for those traded shares in late March, if in fact they do trade. Then can we also assume Medinah will use the cash to begin an earnest exploration of LDM?
I don't put too much stock in the Jota, Ciclon updates. Those could drag on for another 15 years, as did ADL. Of course I don't have enough information to make an informed guess. But then who does when it comes to Medinah's method of parsing and word smithing and delaying tactics.
All things aside, I do think MDMN shares should see an upward trading bias for the short term. It has been in a malaise and oversold too long. I think the trend is sideways to up perhaps as much as 20% in the next week or two. Then, we will either see fireworks or back down to sideways again, until certain news comes out of these meetings/exploration plans, funding, etc. and if no significant news comes within weeks and perhaps a couple of months, then I agree, the share price will see sub nickel again.
I might add, that would be a good time to buy in again.
Whether fluff or real, there is too much happening during 2013 for MDMN sp to stay flat or at these levels. I do believe we will see new all time highs before the year is out. As to real exploration and receipt of income from exploration, that looks to be in the cards, but again, with Medinah, we are never sure. We wait for updates.
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